Bank reconciliation

I have done this in the past using sage and it is straight forward as long as you do it on a regular basis.
I am about to take on a role where they have not carried out the Bank Rec for some time. They have not specified how long. if they have not done it for six months what is the best way to go about this. HELP!

Comments

  • Gem7321
    Gem7321 Experienced Mentor DevonMAAT, AAT Licensed Accountant Posts: 1,438
    Impossible to say without knowing the volume of transactions or any other useful info. If you can easily identify any payments/receipts from other records (ie. cheque books, paying in books, streamline reports) you might be best doing a quick manual reconciliation and if it works then you know you can match off all the transactions in sage. If it doesn't then you may have to work through it.
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